Deputy Director, Supportive Housing Preservation for the Division of Preservation Finance

Job Description

About the Agency:

The New York City Department of Housing Preservation & Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.

- We maintain building and resident safety and health
- We create opportunities for New Yorkers through housing affordability
- We engage New Yorkers to build and sustain neighborhood strength and diversity.

HPD is entrusted with fulfilling these objectives through the goals and strategies of “Housing Our Neighbors: A Blueprint for Housing and Homelessness,” Mayor Adams’ comprehensive housing framework. To support this important work, the administration has committed $5 billion in new capital funding, bringing the 10-year planned investment in housing to $22 billion the largest in the city’s history. This investment, coupled with a commitment to reduce administrative and regulatory barriers, is a multi-pronged strategy to tackle New York City’s complex housing crisis, by addressing homelessness and housing instability, promoting economic stability and mobility, increasing homeownership opportunities, improving health and safety, and increasing opportunities for equitable growth.
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Your Team:

The Office of Development (OOD) leads the agency’s effort to create and preserve affordable housing as a critical part of Housing Our Neighbors: A Blueprint for Housing and Homelessness in collaboration with other HPD offices as well as other city, state and federal agencies. The OOD is comprised of seven divisions that administer a range of programs. These divisions include New Construction Finance, Special Needs Housing, Building and Land Development Services (BLDS), Homeownership Opportunities and Preservation, Preservation Finance, Compliance and Enforcement and Housing Incentives.

The Division of Preservation Finance administers multiple financing programs including the Multifamily Housing Rehabilitation Loan Program (HRP), the Participation Loan Program (PLP), the Housing Preservation Opportunities Program (HPO), The Capital Partnership for Affordable Renovations Program (CPAR), the Lead Hazard Reduction and Healthy Homes HUD Multifamily Program (HUD MF), the Third Party Transfer Program (TPT), Multi-Family Preservation Loan Program (MPLP) il, Neighborhood Pillars Program (“Pillars”) and the LIHTC Portfolio Preservation (Year 15) Program. These programs facilitate the financial and physical viability, as well as affordability of privately-owned multi-family and single-family buildings throughout New York City. The Division plays a key role in implementing the overall preservation strategy for HPD’s Office of Development in support of the Mayor’s Blueprint.

Your Impact:

The Division of Preservation Finance seeks a Deputy Director for Supportive Housing Preservation. As Deputy Director, you will work with and support the Director for Supportive Housing Preservation. The Director oversees the Division’s Supportive Preservation Housing Programs. You will assist in the management of a growing pipeline of other supportive housing preservation units and additional affordable units co-located in supportive housing buildings. This unit will also oversee the Agency’s RAD conversion pipeline which is estimated to be more than 50 transactions.

Your Role:

Under the supervision of the Director, the Deputy Director ("Deputy"), will assist in the administration of the Program. The position affords an excellent opportunity for you to gain management experience as well as hone underwriting and thoughtful problem solving skills. As the Deputy, you will help oversee a staff of approximately 4. Program financing tools currently include: leveraging new sources of private debt, low interest city capital loans, and property tax exemptions (420c and Article XI).

Your Responsibilities:

As Deputy, you will perform duties including, but not limited to the following:

-Review development budgets, pro formas, and affordability analyses prepared by project management staff for accuracy and negotiated terms;
-Establish appropriate goals and targets for the Program and work with staff to achieve them;
-Prepare budget requests and manage a budget of more than $40 million in combined city funding sources;
-Track progress on an annual pipeline of roughly 40-50 preservation projects;
-Coordinate with internal and external loan servicers on construction and permanent loan servicing terms;
-Review and analyze existing mortgage notes, regulatory agreements and other related documents to help determine preservation strategy;
-Act as a liaison with developers, financial institutions, not for profit organizations and governmenta